£267,852
This estimated value is based upon the latest sale price for the house of £158,000 on 27 Sep 2010. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £158,000 | 27 Sep 2010 |
| Terraced |
| Freehold |
| Floor Area: 102 sq meters or 1,100 sq feet |
This model uses changes in the Official Land Registry House Price Index for MEDWAY to estimate the market value.
When this house was purchased in September 2010 the House Price Index for MEDWAY was 87.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 69.527%.Applying this 69.527% change to the original purchase price of £158,000 results in an estimated price of approximately £267,852.
| 27 Sep 2010 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.7 | 148.6 | 69.527 % | £158,000 | £109,852 | £267,852 |
The Postcode Pricing Model uses changes in average sales price within the ME5 postcode to calculate an estimated price.
The average sales price when the house was purchased is compared with the current average sales price.
This change is then applied to the initial purchase price to derive the current estimated price.
Three different estimates are shown, with averages drawn from 1 month, 3 month and 6 month timeframes.
The longer timeframes give less volatile estimates, but are not so timely.
More information on this model and the calculations
| Change % | Change £ | Estimated Price | |
| 1 Month Average | 32.305 % | £51,042 | £209,042 |
| 3 Month Average | 49.208 % | £77,748 | £235,748 |
| 6 Month Average | 78.304 % | £123,720 | £281,720 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Nov 2023 | £309,583 | £305,000 | 2 GREENWICH CLOSE |
| 19 Sep 2023 | £278,562 | £275,000 | 9 LAMBETH CLOSE |
| 18 Aug 2023 | £287,515 | £285,000 | 10 GREENWICH CLOSE |
| 30 Jun 2023 | £253,065 | £250,000 | 33 LAMBETH CLOSE |
| 2 Feb 2023 | £349,765 | £350,000 | 4 RICHMOND CLOSE |
This house has a floor area of 102 sq meters or 1,100 sq feet when measured on 28 Jun 2010. Using an estimated price of £267,853 means this house is valued at £2,619 per sq meter (£243 per sq foot).
The average size of a house on RICHMOND CLOSE is 95 sq meters (1,029 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Richmond Close |
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Richmond Close |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Greenwich Close |
| Dec 2023 | Other crime | Under investigation | On or near Greenwich Close |
| Mar 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Lambeth Close |